Page 5, "The knowledge cutoff date for Gemini 3 Pro was January 2025."

Still taking nearly a year to train and run post training safety and stability tuning.

With 10x the infrastructure they could iterate much faster, I don't see AI infrastructure as a bubble, it is still a bottleneck on pace of innovation at today's active deployment level.

But if they spend 10x on infrastructure, and capabilities only improve 10%, then that still can be a bubble even if infrastructure is a bottleneck.